Q-linea SEK 225m Capital Raise | Q4 2024

About Q-linea AB (publ) 

Q-linea’s rapid AST system, ASTar®, accelerates and simplifies the time-sensitive workflows faced during the treatment of patients with bloodstream infections and sepsis. Hospitals use ASTar to vastly reduce the time to optimal antimicrobial therapies and ensure that patients receive the correct treatments sooner — when time matters most. We are helping to create sustainable healthcare, now and in the future, and safeguard the effectiveness of antibiotics for generations to come. Q-linea is headquartered in Uppsala, Sweden and has regional offices in Italy and the USA, with partnerships worldwide. ASTar Instrument and ASTar BC G- Consumable kit are CE-IVD marked and FDA 510(k) cleared. For more information, please visit www.qlinea.com. 

Press release

Background and motive 

Q-linea is an innovative infection diagnostics company that develops instruments and disposables for rapid and reliable infection diagnostics. Q-linea’s first product, ASTar, has in completed studies shown to be able to determine which antibiotics are effective against an infection, so-called AST analysis, significantly faster than other methods. ASTar was launched on the European market in the autumn of 2021 and after the Company received market approval for the US market on April 26, 2024, ASTar has also been launched in the US. In the coming years, Q-linea plans to improve existing test panels and widen the product offering for ASTar with expanded test panels for indications other than blood. The analyses that are primarily focused on isolates. Q-linea also has the ambition to broaden the geographical availability of ASTar. 

The net proceeds are intended to be used for the following activities: 

• Supporting commercial activities in key markets with an emphasis on the US market following FDA approval.
• Expansion of the ASTar test menu® (additional drug.bug combinations, new offerings e.g. in isolate testing, Gram+ bacteria, and additional sample types). 
• Maintain organization and capacity through the next phase of commercialization. 
• Working capital to support the distribution of instruments. 

Website: https://qlinea.com/